Each day we ask our community of Advisors & M&A professionals in the BizNexus Community questions about niche topics related to strategies for getting your business acquired or recapitalized.
For today’s poll, we wanted to know “What’s the most common reason you typically see for owners deciding to sell?”
Here’s what the Advisors and M&A professionals from the BizNexus Community shared.
Retirement
Retirement #1, but recently, I’ve been running into business owners who opened up shortly before COVID and are running out of energy, capital, and desire to run the business.
Jason Ward @ TruView Business Advisors
Definitely retirement #1, and health #2.
Eric Gall @ Edison Avenue
Retirement then burn out
April Femrite @ True Real Estate Mankato
2. Health Issues
Getting older & less energetic/sick of fighting with family members over the direction of the business, & who gets what when the owner dies/loses or lost interest in the business.
Harrison R T Davis @ New York Business Brokers
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